Question

A person invested 20%, 30% and 25% of his savings in buying shares at par value of three different companies a, b and c which declare dividends of 10%, 12% and 15%respectively. if his total income on account of dividends be rs.2337.50, find his savings and the amount which he invested in buying shares of each company.

Answer 1

Answer:

Step-by-step explanation:

let the savings be Rs. 100.

for company a his investment=100*(20/100)=20/-

for company a dividends= 20*(10/100)=2/-

for company b his investment=100*(30/100)=30/-

for company b dividends= 30*(12/100)=3.60/-

for company c his investment=100*(25/100)=25/-

for company c dividends= 25*(15/100)=3.75/-

therefore total dividends = 2+3.60+3.75=9.35/-

if dividends is 9.35 then total savings =100/-

if dividends is 4675 then total savings=

amount invested for company a =50000*(20/100)=10000/-

amount invested for company b =50000*(30/100)=15000/-

amount invested for company a =50000*(25/100)=12500/-